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Kemco Disaster ( Thai IPO ) Everyone Got Zip !
What Will They Do With A Million Quid ( Lets Check How Much Admin Is For The Year )
On Sale Of Assets ( Shareholders To Get A Slice ) ‘ Nope ‘ ZIP Again .
It’s Only Reasonable For Shareholders To Question Who’s Interests Are They Looking After !
Sandfire results out, very nice 8c dividend.
“The T3 development is expected to form the cornerstone of the new, long-term Motheo copper hub for Sandfire in the Kalahari Copper Belt. The Base Case 3.2Mtpa development outlined in the December 2020 DFS confirmed strong economics over an initial 12.5-year mine life using conservative copper pricing, however we expect to be able to quickly expand to a 5.2Mtpa operation through the inclusion of the A4 satellite deposit.”
“We also have a host of targets yet to be drilled within our dominant 26,650km2 landholding in Botswana and Namibia, and will be continuing to drill throughout the remainder of 2021.”
Apologies on the warrants Pb. You were spot on.
So there are possibly around 6.4m warrants outstanding from that raise, 3m of those are Rick Rules and the others Sprott/exploration capital. Good news there is that neither parties NEED to sell to fund their purchases. The 1.45p warrants will hit the market Monday so maybe a little sell volume there.. but after that blue skies - until we start complaining about the 60p warrants ;-)
Sandfire news tonight so hopefully we get some more A4 news.
Pbaz, if you have read the BB for 5/6 years then you will have read all the idiotic nonsense that has been posted on here and understand why people question your post. And then some of your questions make no sense and smack as someone trying to subtly spin negatives... divi from sale of Thai asset?? What!?! Selling the Sandfire NSR to Trident?? What?!? No way they can afford it (to but the whole NSR) nor would MTR sell. NSRs will be the company making asset.
Alas,
It is my understanding the warrants expire on the 10th, you are basing the 15th the admission of shares in 2019? Will read into this.
Have you not been watching what MTR are doing with their capital?? I’m sure they’ll be plenty of places for a million quid.
Ref ASX listing, it has nothing to do with TGs estate. I have contacted MTR -as we are all free to do- on the ASX listing and was more than happy with the responses.
A lot of MTRs exposure is on the ASX hence the reason for listing there.
As I said, some so so questions for someone who has been invested for 6years.
full flow of something, Bullshyte account
Probably like the vast majority of people I read this board, but chose not to post, guess a few other holders might have been put off posting now.
I'm not a ramper or deramper just a LT holder who felt it necessary to point out that in my opinion the warrants don't expire until 15/03/21 and not 10/03/21 which had been quoted three times, then asked some questions, some tongue in cheek. Consensus seems to be the money from the warrants should be spent on marketing.
Hydrogen, to me you're a well respected poster and have provided some great information over the years, also saw you on XTR last month, could be good timing, been there years also (but never posted). Thanks for answering some of my questions, unfortunately you've created more questions.
I don't have Bloomberg Terminal, just RNS and the MTR website, you state an named fund at number 6 position with 9 million shares, I make that 5.8% but can't find an RNS and no mention on MTR website as major holder.
Rick Rule's 6 million 3.91% are his personal account, his fund has 20,636,194, 13.46% from MTR website.
The big question for me, where's the liquidity for the AXS listing coming from, (did we need this listing) as always stated for every buy there need to be a sell, to me the obvious answer is TG's estate.
Let’s Hope Copper Doesn’t Go Into Reverse ! Make Hay For All Shareholders !
Hi Baz
6 years 5 posts and you turn up with Cashy in full flow...of what I’m not sure but full flow of something...
$9267 Up Up And Away !
And Again $9197
phatbaz Thank goodness your telling it like it is. Not just me thinking these thing!
Up Again $9186
Thanks both sents show a grant date of 10/03 in the annual accounts. Good to see the 1.45 all being claimed in one go - wonder who has picked these up... get ready for the lid to be lifted
Yep Phatbaz ! The Board Needs Shaking Up To Perform For All Shareholders , Not Just Themselves!
It's a tiny bit longer!! From 11th March 2019 RNS
Each Warrant will be non-transferable and exercisable for a two year period commencing from the date of the admission of the Placing Shares to trading on AIM. Application will be made to the London Stock Exchange for Admission of the Placing Shares, which is expected to be on or around 15 March 2019
Issue of 68,581,276 warrants @2p (How many are left to convert?)
Issue 9,629,960 “Advisory Warrants @1.45p (todays warrant conversion notice)
Some questions to ponder
What would MTR do with the money?
Where are the institutional investors, that required a share consolidation?
Why are we listing on the AXS (is it so the Terry Grammer estate can sell, avoiding currency conversion?)
Would the Canadian exchange have made more sense?
Will this share ever get out of the mud it's been stuck in for years?
Where's my dividend from the sale of the Thai assert?
Will the royalt from Sandfire be sold to Trident on the cheap?
After 6 years I've become a little sceptical of MTR's motives.
Roll on expiry on 20p warrants on 10/03
Hi Pinman ! Pointless Buying When The Warrants Are Dumping Imo
CK is an idiot
Investments Gathering Pace ! Warrants Having Little Effect !
3 Trades ! Management Sleeping , Get Out And Do Some podcasts !